Rising Mortgage Rates and Affordability present challenges for the Spring Home Buying Season
By Jeffrey H. Snyder
Published on April 1, 2026.
Broadcast Retirement Network's Jeffrey Snyder discusses the impact of affordability, inventory, and mortgage rates on the Spring homebuying season with Bankrate's Ted Rossman. Mortgage rates have been increasing due to the conflict in Iran, which is expected to lead the Fed to keep rates higher. Freddie Mac reported that in February, the average 30-year fixed mortgage rate briefly fell below six percent for the first time in about three and a half years, but since then, rates have only been up about half a point. This is indicative of broader affordability issues and low mortgage rates. Currently, about 70 percent of existing homeowners have rates below five percent.
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